Barkley: “He stole all my money. He’s a scumbag. If I see him today, I’d blow his damn brains out. I hate that S.O.B. His name is Lance (Luchnick). He’s a scumbag.”

Patrick: “Well, how did he take all your money?” […] Barkley: “Well back then, I think players are a lot more smarter now. Your agent got your paycheck, he gave you an allowance, and he ‘invested’ the rest of your money. I was getting $15,000 a month allowance just to have fun with and I’m a 21-year old kid. That came at the first of every month and man I didn’t care. He said, ‘I’m investing the rest.’ I’m like, ‘OK.’ And after four years, I was broke, hadn’t paid taxes. Like I said, I don’t want to mention his name — Lance (Luchnick).”

According to the Philadelphia Daily News, Luchnick negotiated Barkley’s first NBA contract, for $11 million over six years, after his selection at fifth overall by Philadelphia in the 1984 draft. […] Barkley would eventually cite “problems” with Luchnick before the relationship fell apart completely. That led to Luchnick’s suspension by the National Basketball Players Association and a $5 million ruling in Barkley’s favor despite the finding of an independent arbiter that he was the victim of excessive fees rather than outright theft.